Black Knight Financial Services’ First Look at May 2017 Mortgage Data Easing Interest Rates Spur Increase in Prepayment Activity; Delinquencies Pull Back After April’s Increase

  • Prepayments (historically a good indicator of refinance activity) jumped 23 percent month-over-month, reaching their highest point so far in 2017
  • Delinquencies reversed course after calendar-driven increase in April, seeing a 7 percent month-over-month decline
  • Inventory of loans either seriously delinquent (90 or more days past due) or in active foreclosure continues to improve, with both hitting 10-year lows in May​
  • Just 2.12 percent of Colorado borrowers are past due on mortgage payments, the lowest of any state; Mississippi has the highest non-current rate of any state at 10.16 percent

JACKSONVILLE, Fla. – June 22, 2017 – The Data and Analytics division of Black Knight Financial ​Services (NYSE: BKFS) reports the following “first look” at May 2017 month-end mortgage performance statistics derived from its loan-level database representing the majority of the national mortgage market.

BKFS Mortgage Monitor – “First Look” at May 2017 data – chart 1

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